Cong Hong: Innovation Drives Transformation and Upgrading to Improve Wafangding Core Competitiveness

Recently, the Dalian State-owned Assets Supervision and Administration Commission held the 2015 Senior Management Seminar at the Senior Management College in Dalian, China. Mr. Cong Hong, Chairman of the Wazhou Group , spoke as a representative of the students, and talked about the learning experience and the new normal under the Wazhou axis. Reform and innovation and business development ideas.

Conghong analyzed the overall situation of the domestic bearing industry in the speech and shared the learning experience with the students. First, technological innovation is the source of the development of enterprises. At present, Zhaxi has the only national large-scale bearing engineering research center in the Chinese bearing industry, and actively implements the introduction of “outside the brain” project. It has formed alliances with more than ten well-known colleges and universities in China and a number of vanguard companies, while introducing advanced foreign technology and Personnel, keep the company in sync with the world's advanced technology. The second is that companies must develop and to achieve transformation and upgrading must take the path of internationalization. ZWZ successfully acquired KRW, a German technology company, and the Waxshaft European R&D center, which will operate in Europe. It will recruit technical talents in Europe and improve its ability to use global technology R&D resources. Wax-axis American Engineering Technology Center became the first overseas testing center of China Bearings, and it is also an internationally advanced automobile bearing testing and testing center. The international management level of the tile axis has been strengthened, further enhancing the company's sustainable development competitiveness. The third is to play a leading role in capital, multi-channel financing, and expand the scale of the company's development.

Conghong pointed out at the end of the speech that 2015 is a crucial year for the transformation and upgrading of enterprises to adapt to the new normal. ZWZ will adhere to the reform and open up the road, highlight innovation-driven, speed up structural adjustment, implement talent projects strongly, and fully enhance the company’s core competitiveness. The company continues to develop healthily.

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